$0.27 Earnings Per Share Expected for TechTarget Inc (NASDAQ:TTGT) This Quarter

Wall Street analysts expect TechTarget Inc (NASDAQ:TTGT) to report earnings per share (EPS) of $0.27 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for TechTarget’s earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.28. TechTarget posted earnings per share of $0.18 in the same quarter last year, which would indicate a positive year over year growth rate of 50%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 5th.

According to Zacks, analysts expect that TechTarget will report full year earnings of $0.99 per share for the current year, with EPS estimates ranging from $0.98 to $1.00. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.14 per share, with EPS estimates ranging from $1.07 to $1.20. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow TechTarget.

TechTarget (NASDAQ:TTGT) last posted its quarterly earnings data on Wednesday, November 6th. The information services provider reported $0.16 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. TechTarget had a net margin of 11.73% and a return on equity of 9.55%. The firm had revenue of $33.81 million during the quarter, compared to analyst estimates of $33.60 million.

A number of brokerages recently commented on TTGT. BidaskClub lowered TechTarget from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Lake Street Capital boosted their price objective on TechTarget from $24.00 to $29.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. Zacks Investment Research downgraded TechTarget from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. Finally, ValuEngine lowered TechTarget from a “hold” rating to a “sell” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $26.67.

In other news, CFO Daniel T. Noreck sold 3,500 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $28.78, for a total transaction of $100,730.00. Following the completion of the transaction, the chief financial officer now directly owns 10,257 shares of the company’s stock, valued at approximately $295,196.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Greg Strakosch sold 41,883 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $25.01, for a total transaction of $1,047,493.83. Following the transaction, the chairman now directly owns 472,449 shares of the company’s stock, valued at $11,815,949.49. The disclosure for this sale can be found here. In the last ninety days, insiders sold 148,415 shares of company stock worth $3,965,361. Insiders own 18.68% of the company’s stock.

Institutional investors have recently bought and sold shares of the stock. Quantamental Technologies LLC bought a new position in TechTarget during the second quarter valued at $56,000. Aperio Group LLC purchased a new stake in TechTarget in the second quarter worth $72,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in TechTarget by 262.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,578 shares of the information services provider’s stock worth $97,000 after buying an additional 3,315 shares during the last quarter. First Quadrant L P CA raised its stake in shares of TechTarget by 43.9% in the second quarter. First Quadrant L P CA now owns 5,979 shares of the information services provider’s stock valued at $127,000 after buying an additional 1,823 shares during the period. Finally, Mason Street Advisors LLC raised its stake in shares of TechTarget by 7.1% in the third quarter. Mason Street Advisors LLC now owns 7,793 shares of the information services provider’s stock valued at $176,000 after buying an additional 516 shares during the period. Institutional investors and hedge funds own 73.76% of the company’s stock.

Shares of NASDAQ TTGT traded down $0.56 during midday trading on Friday, reaching $25.24. The company’s stock had a trading volume of 16,979 shares, compared to its average volume of 170,276. The stock has a market capitalization of $742.67 million, a P/E ratio of 56.11 and a beta of 0.75. The company has a debt-to-equity ratio of 0.34, a current ratio of 5.46 and a quick ratio of 5.46. The firm has a 50 day moving average price of $26.01 and a 200-day moving average price of $23.07. TechTarget has a 12-month low of $11.12 and a 12-month high of $30.00.

About TechTarget

TechTarget, Inc provides specialized online content for buyers of enterprise information technology (IT) products and services in the United States, the United Kingdom, and internationally. It also provides purchase-intent marketing and sales services for enterprise technology vendors; and customized marketing programs that integrate demand generation and brand advertising techniques.

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